"Got A Good Feeling"
I am not sure about the rest of you but I have a really good feeling about The Montgomery County Maryland Real Estate market. We gained some momentum last spring kept it up through the summer, fall and winter. Now that we are squarely in the spring market this thing really feels like it has some legs, the beginning of a solid run with year over year gains. I can't speak to the Potomac office because of the lack of data from last year. However for the Germantown office we finished 2011 with total volume of just shy of 100M, this year we are tracking 130M, an obvious increase of 30%. Mark, Teri and I keep a close eye on the competition and their numbers. The interesting thing about the numbers and contrary to a Washington Post article in the Saturday Real Estate section is the disparity between the haves and the have not's. There is an office belonging to this company that is exactly 1 mile from our Potomac office. This office has 83 MRIS ID's but only 28 of them have sold ONE thing in the last year, that means 67% of their workforce blanked the last 12 months. In our Potomac office we have 44 MRIS ID's and at least 37 of the agents have sold something in the last year, only 16%. The old rule was 80/20, 20% of the agents did 80% of the business. I believe that number has gone to 90/10 with the 10% doing 90% of the business. Thanks to each of you for being in the 10%
Enjoy the coffee,